Below is a list of future considerations, in addition to the planning items, suggestions, and advice provided with your initial tax return review email.
 
Disclaimer: This list is not specific to any individual, but rather includes items across a wide spectrum of topics that may or may not apply to you. We're providing this page as an added resource to help in your advanced planning, rather than including in your final tax return copy email (as part of our effort to limit the length of that message!) Feel free to contact us with specific questions on any item...we're happy to help!
 
Limit Your Tax Liability (some ideas for lowering taxes)

• Homeownership (Consider buying a primary home...or a second home/rental property to increase your deductions)
• Charity Donations (To eligible organizations...donations to individuals/GoFundMe aren't eligible for deductions)
• Starting a New Business (Starting a new biz isn't as complicated as many think. Everybody has a passion for something they're good at...why not earn extra money on this passion and possibly get tax deductions in your pursuit?!)

 
Risk Management (added ideas outside taxes, to ensure you're covering all your financial bases)

• Term Life Insurance (Great to have if anybody depends on your income. Consider an inexpensive term policy to protect those who rely on you financially - employer plans often don't provide enough coverage)
• Living Trust (Nobody likes to think about death when they're alive, but it's worse to think about leaving a nightmare to your survivor's while dealing with your loss. Here's more info on this topic.)
• Health Insurance (Medical expenses are the #1 cause of bankruptcy!)

 
Contact us if you have questions on any of the above items and how they may apply to you specifically!

Updated 6/29/2025